Nampower: Eskom eyes 300MW from Kudu plant

Companies / 15 August 2014, 08:00am

Bloomberg

NAMIBIA Power (NamPower) was in talks to sell as much as 300 megawatts of capacity from its planned Kudu gas-fired plant to Eskom, it said yesterday. “The discussions that have been ongoing are with regards to the possible off-take of 100MW to 300MW from the Kudu power station,” Muyenga Muyenga, the co-ordinator of the 1 050MW project, said. The facility, which will cost about $1.3 billion (R14bn) to build, will use gas from the Kudu fields about 200km offshore of the southern Namibian town of Oranjemund and will start delivering power in the first quarter of 2018. State-owned NamPower owns 51 percent of the Kudu plant while Zambia’s Copperbelt Energy has a 30 percent equity stake. NamPower had evaluated bidders for the other 19 percent stake and was checking their governance structures before taking a decision, Muyenga said. Eskom had not expressed an interest in the stake. – Bloomberg